PLEASE SHOW WORK

A manager has compiled estimated costs for various capacity alternatives but is reluctant to assign probabtes to the states of mure. Assuming the values in the payoff table are estimated costs and the goal is to minimize expected costs STATE OF NATURE 21 $ 20- 120 100 22 140 80 40 Alternative c *Cost in $ thousands. a. Is there any alternative that would never be appropriate in terms of minimizing expected cost? O Alternative A Alternative B O Alternative C O None b. For what range of P (2) would alternative A be the best choice if the goal is to minimize expected cost? Choose Alternative A for P(#2) b. For what range of P (2) would alternative A be the best choice if the goal is to minimize expected cost? Choose Alternative A for P2) c. For what range of P(1) would alternative A be the best choice if the goal is to minimize expected cost? Choose Alternative A for P(#1)